#Persevered
Scotland can be a beacon, within these islands and beyond, for a socially just and sustainable society. Whilst there are many priorities which will require independence, there is also much that can and must be done now by the Scottish Parliament and the Scottish Government.

#Persevered
Scotland can be a beacon, within these islands and beyond, for a socially just and sustainable society. Whilst there are many priorities which will require independence, there is also much that can and must be done now by the Scottish Parliament and the Scottish Government.

The Advocate Depute, Alex Prentice QC, asksif it was an issue to him that Wavetower were not providing any funds? Betts"No"

Email to witness says deal is £20m"The reality is Wavetower will not be providing this amount, instead willcome from the club direct"

Betts says he can't recall receiving theemail but accepts he must have.

1. AD"Was it your understanding that Ticketus was not to be mentioned?"Donald Findlay rises to object to question. LadyStacey upholds objection2. 3. Bettssays he believed there was a non-disclosure agreement but didn't see it. AD Whotold you about the NDA? Betts "He is not in the room today."AD: "Can I make it clear to you, you have immunity,you can't be prosecuted over this." Betts says he can't remember signingloan deal

Betts adds "I'm a little bit stressedat the moment

AD "Did you act on a frolic of yourown" Betts "Frolic?" AD "You just did it on your own"Betts "I don't remember

Advocate Depute ends, Donald Findlay QCrises to cross-examine

Findlay opens "I have no intention topry into your business affairs..but crucial jury have all the information theyneed."

Findlay "Did you ever want to be thedirector of a football club?" Betts "No"

Betts says he first found out about Whyte'splan to buy Rangers from Vincent Bull (Escrow)

Ends (WHIT???)

Last edited by Golden Fleece; 19-05-2017 at 01:10 PM.

#Persevered
Scotland can be a beacon, within these islands and beyond, for a socially just and sustainable society. Whilst there are many priorities which will require independence, there is also much that can and must be done now by the Scottish Parliament and the Scottish Government.

The Advocate Depute, Alex Prentice QC, asksif it was an issue to him that Wavetower were not providing any funds? Betts"No"

Email to witness says deal is £20m"The reality is Wavetower will not be providing this amount, instead willcome from the club direct"

Betts says he can't recall receiving theemail but accepts he must have.

1. AD"Was it your understanding that Ticketus was not to be mentioned?"Donald Findlay rises to object to question. LadyStacey upholds objection2. 3. Bettssays he believed there was a non-disclosure agreement but didn't see it. AD Whotold you about the NDA? Betts "He is not in the room today."AD: "Can I make it clear to you, you have immunity,you can't be prosecuted over this." Betts says he can't remember signingloan deal

Betts adds "I'm a little bit stressedat the moment

AD "Did you act on a frolic of yourown" Betts "Frolic?" AD "You just did it on your own"Betts "I don't remember

Advocate Depute ends, Donald Findlay QCrises to cross-examine

Findlay opens "I have no intention topry into your business affairs..but crucial jury have all the information theyneed."

DF 'You get rid of the debt, make it moreattractive to investors and get Champions League money, that was the businessplan.'

TBC

#Persevered
Scotland can be a beacon, within these islands and beyond, for a socially just and sustainable society. Whilst there are many priorities which will require independence, there is also much that can and must be done now by the Scottish Parliament and the Scottish Government.

Findlay "It's up to people to decideif Mr Whyte's business model was better than the one before"

"Was not a club that was hale andhearty but struggling badly..in huge debt"

Findlay notes Rangers price reduced from£5m to £1 due to health and safety issue (£1.7m) and tax case (£2.8m) "Thatadds up to £4.5m. They just threw 500k out of the window"

Lady Stacey intervenes "Is there aquestion in there Mr Findlay?"

Fin

#Persevered
Scotland can be a beacon, within these islands and beyond, for a socially just and sustainable society. Whilst there are many priorities which will require independence, there is also much that can and must be done now by the Scottish Parliament and the Scottish Government.

Betts "They were getting pressure fromelsewhere to complete the transaction"

AD "They didn't get the chance becauseit was concealed from them" Ends re-examination

AD says he should be able to close theCrown case next week, has 8 witnesses left. Court adjourns

#Persevered
Scotland can be a beacon, within these islands and beyond, for a socially just and sustainable society. Whilst there are many priorities which will require independence, there is also much that can and must be done now by the Scottish Parliament and the Scottish Government.

The Crown has made a complete gubbins of this.They've given immunity to a succession of witnesses who then will not give the evidence that the Crown wants.Most of them sound like they're appearing for the defence.

The Crown has made a complete gubbins of this.They've given immunity to a succession of witnesses who then will not give the evidence that the Crown wants.Most of them sound like they're appearing for the defence.

Honour amongst thieves?

Mature, sensible signature required for responsible position. Good prospects for the right candidate. Apply within.

The Crown has made a complete gubbins of this.They've given immunity to a succession of witnesses who then will not give the evidence that the Crown wants.Most of them sound like they're appearing for the defence.

Probably the plan all along. Another carpet lifting exercise no doubt.

If you mean the current entity, I'm not sure that there is a preferred outcome.

There is a fanciful scenario whereby, as a result of this particular case, BDO start civil proceedings against some of the individuals involved. If that were to happen, Oldco might be in a position to buy back their assets. But that's for Series 8....we're only on Series 5.

To answer your question, it's a bit like watching Hearts play Rangers. We want them all to kick **** out of each other....which is what is happening...and for them all to get red cards. The result is almost irrelevant

The Crown has made a complete gubbins of this.They've given immunity to a succession of witnesses who then will not give the evidence that the Crown wants.Most of them sound like they're appearing for the defence.

It's beginning to look that way. I wonder how many millions this has cost/ wasted.

Newlands says he met Whyte through a PeterShakeshaft. (no giggling at the back J )

Newlands points to Craig Whyte in court,sitting in the dock between two security staff

The witness confirms he provided someemails to the police Advocate Depute asks for court screens to be turned on

Letter shown to court from "City oneSecurities" to Murraym Says Liberty Capital has "up to £10m" tosupport a rights issue for Rangers

Newlands says he wrote the letter afterWhyte told him he had assets of £60m. Wrote letter in "good faith" (now we know the definition of “Off theRadar wealth!)

Newlands says when letter written he was"under pressure" for rent from his landlord. "Did not have thecash to meet obligations"

Newlands says he asked Whyte for £2,100 foroffice rent bill. Jury and witness leavecourt while a legal matter is discussed.

To be continued

#Persevered
Scotland can be a beacon, within these islands and beyond, for a socially just and sustainable society. Whilst there are many priorities which will require independence, there is also much that can and must be done now by the Scottish Parliament and the Scottish Government.

Jury return to court, Advocate Depute risesto take further evidence from Mr Newlands

Newlands confirm that in March 2011 hiscompany was at risk of eviction from its offices. Whyte offered to write acheque

However cheque would take 3 days to clear,which would have taken too long.

Newlands says "Craig transferred fundselectronically" to pay the rent. He then signed letter saying LibertyCapital had £30m in assets

Newlands says he based asset letter wasbased on a draft emailed to him by Mr Whyte.

Newlands says he does not recall seeingproof of the £10m but "would be very surprised" if he had writtenletter without seeing it.

Donald Findlay QC for the defence rises tocross-examine Mr Newlands.

Newlands says his company was regulated bythe Financial Conduct Authority, "They have more power than HMRC andCustoms put together" Findlay "I don't know if that scares you but itscares me...they are a wolf you wouldn't want to invite into yourhenhouse"

#Persevered
Scotland can be a beacon, within these islands and beyond, for a socially just and sustainable society. Whilst there are many priorities which will require independence, there is also much that can and must be done now by the Scottish Parliament and the Scottish Government.

Mclean says he joined Dundas and Wilson in2004, became a partner in 2008

Mclean says his firm had a long termrelationship with the Murray Group of companies. Worked on sale of shareholdingin Rangers

Mclean "The team at Murray wanted theshareholding disposed of" says he worked on the legal side of this as partof a larger team.

Mclean says he has to "take care inhis response" due to legal privilege. Can't answer last question. Jury andwitness asked to leave court

Jury return to court. Lady Stacey tellswitness, Mr Mclean, that she understands his obligation of confidentiality but Notescourt has heard from David Murray and other witnesses, directs Mclean legalprivilege has effectively been waived

Mclean is directed to answer questionsrelating to sale of Rangers shares unless there is an objection or judgeintervenes.

Mclean says that he still has"difficulties" over discussing interactions with clients. LadyStacey: "If you are in doubt please let me know

Mclean says this was his first involvementin the sale of a football club.

#Persevered
Scotland can be a beacon, within these islands and beyond, for a socially just and sustainable society. Whilst there are many priorities which will require independence, there is also much that can and must be done now by the Scottish Parliament and the Scottish Government.